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20100925
20100925
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research, rather than having misled us, have significantly enhance o understanding of the crisis and are informing the regulatory response. the crisis did reveal some gaps in economists acknowledge that should be remedied. the financial crisis represented an enormously complex set of interactions, indeed, a discussion and ball abilities in the financial system and financial regulations that allow the crisis to have such devastating effects will more than fill my time this afternoon. the complexity of our financial syst and the resulting difficulties of predicting relevanc in one financial markets and how it affects one system as a whole part -- presents challenges. in retrospect, economic principles and research are quite useful for understanding key aspects of the crisis and for designing appropriate policy responses. for example, the dependence on some financial firms on a stable short-term findings led to applications for the functioning of the system as a whole. the fact that dependents -- dependency on short-term funding could lead to runs, -- it has been a central issue in
. this is what you do. you get a cross-section. you use certain techniques. thes is no different than surveys in terms of methodologies that the surveys you read all of the time. if it is our true that our survey does not represent the pulte -- the population, then a new survey does either. regarding the question about civil unions, i think that is a very interesting question. many people say i am opposed to marriage. that conveys and means something different. there is a difference between marriage and a civil union. one difference is a very simple one. if you are married, you are in a different tax rate because you are a married couple. if you are in a civil union you are not. ironically, in many cases not being married is a financially beneficial. ironically, by not allowing same-sex couples to get married we are not getting the same taxes from them that we would get. about the 2% vs. the 98%, it has never been a question of what is the largest percentage of people and just benefiting them. the united states has always been concerned about both those with power and those without power. we
for americans, and find enough support in this body and the congress. it is very important to us, as a country, that we do not leave those markets to our competitors. >> it would be your opinion that the ratification of those agreements would create jobs? >> we have to make sure that we have agreements in place that provide a good deal for american businesses and american workers. where we have strong agreements that meet that test, it will be important for us to make them law. >> with the basel discussion on the capital standards, i want to ask about capital formation. the financial reform bill changed the net worth test for meeting the accredited investors standard. did you support those changes, believing that altering the standards will impact the ability to raise capital and take companies public? >> you are testing my memory of the origin of that provision. i would be happy to look at it in more detail and come back to you. my general view, and i think it is supported by how the broader investment community reacted, is that this will provide a better system for companies to go raise capi
Search Results 0 to 2 of about 3